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Genuine Progress Indicator (GPI)

What is 'Genuine Progress Indicator - GPI'

A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others). The GPI nets the positive and negative results of economic growth to examine whether or not it has benefited people overall.

Explaining 'Genuine Progress Indicator - GPI'

The GPI metric was developed out of the theories of green economics (which sees the economic market as a piece within a ecosystem). Proponents of the GPI see it as a better measure of the sustainability of an economy when compared to the GDP measure. Since 1995 the GPI indicator has grown in stature and is used in Canada and the United States. However, both these countries still report their economic information in GDP to remain in line with the more widespread practice.


Further Reading


Economic growth quality, environmental sustainability, and social welfare in China-provincial assessment based on genuine progress indicator (GPI)
www.sciencedirect.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …

Calculating the New Zealand genuine progress indicatorCalculating the New Zealand genuine progress indicator
books.google.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …

Genuine progress indicator 2.0: pilot accounts for the US, Maryland, and City of Baltimore 2012–2014Genuine progress indicator 2.0: pilot accounts for the US, Maryland, and City of Baltimore 2012–2014
www.sciencedirect.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …

Is the Genuine Progress Indicator really genuine? Considering well-being impacts of exports and importsIs the Genuine Progress Indicator really genuine? Considering well-being impacts of exports and imports
www.inderscienceonline.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …

The determinants of economic growth versus genuine progress in South KoreaThe determinants of economic growth versus genuine progress in South Korea
link.springer.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …

GPI island style: localizing the genuine progress indicator to HawaiiGPI island style: localizing the genuine progress indicator to Hawaii
www.tandfonline.com [PDF]
… Welfare (ISEW) in 1989 (Cobb and Daly, 1989), which emphasizes the genuine progress of society … and GPI, arguing that both indices serve as a good indicator of income and … GPI consists of three accounts: economy, environment, and society, and correspondingly covers three …


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